Outrageously Funny Word Dictionary :: Expectedness

👉 The term "expectedness" in the context of probability theory refers to a statistical measure that quantifies the likelihood of an event occurring based on past probabilities and other factors. Expected values are used to analyze the distribution of outcomes, including the probability of an event occurring, the mean, median, mode, and standard deviation. They are essential tools for economists, statisticians, and researchers in various fields such as finance, economics, statistics, and gambling.

expectedness